NOT LISTED FOR SALE

128 Innovation Ln Madison, VA 22727

Estimated Value: $740,000 - $810,773

4 Beds
4.5 Baths
5,013 Sq Ft
$155/Sq Ft Est. Value

Sale Details

Date Sold: August 7, 2024

Last sale price $825,000 $165 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $4,540 / mo

4 Days on Market

Highlights

  • Private Pool
  • Deck
  • Two Story Ceilings
  • Colonial Architecture
  • Wooded Lot
  • Main Floor Bedroom

About This Home

As of August 2024

Welcome to Your Dream Country Home in Madison, Virginia! Discover the perfect blend of elegance and rustic charm in this fabulous 4-bedroom custom home, nestled on 4.6 picturesque acres. Built by Graystone Homes, this gem features a heated salt-water pool, and ample indoor space, including a fully finished lower-level suite. With over 5000 sq. ft. of living space, this home offers room to spread out and enjoy country living at its finest. The home is located on a dead end road into a culdesac making traffic very quiet. As you step inside, you'll be greeted by beautiful hardwood flooring that flows through the entry foyer and into the formal dining room, adorned with an upgraded trim package. The great room is a true showstopper, boasting a two-story stone fireplace, vaulted ceiling, and rich hardwood floors that add warmth and character. The custom kitchen is a chef's dream, featuring brand-new countertops and matching backsplash, a 5-burner gas cooktop, and a full array of new appliances. The raised bar, combined with a charming breakfast nook and a walk-in pantry, makes this space perfect for both everyday meals and entertaining. The primary bedroom suite, located on the main level, feels like a serene retreat with its luxurious bath and ample closet space. Upstairs, a second bedroom with a private bath offers a perfect guest suite, while two additional bedrooms provide plenty of space for family or visitors. For those working from home, the well-planned office is a delight. Thoughtfully separated from the rest of the house, it features high-speed internet (Comcast), custom shelving, hardwood flooring, and double windows, making it a pleasure to work in. The completely finished lower level offers a versatile space that can serve as a guest suite or extended living area. It includes a spacious kitchenette with quality cabinets and an island, a recreation area, a room for an office or living room, and a walk-out room with windows and a full bath. COAX Cable and Ethernet throughout the home ensure ease of high-speed streaming and connectivity. When it's time to relax, step outside to your own private oasis. The spacious deck overlooks meticulously cared-for flowering beds, soon to burst with a variety of beautiful perennials. The in-ground, heated, salt-water pool sits further back in the yard, secured by a metal fence for added safety. Enjoy leisurely days by the pool, or take a stroll to the charming chicken coop or just take time meandering the stream at the back of the 4+ acre property. There are raised beds that are irrigated and mulched and a full producing garden including thornless blackberries, raspberries, figs, a strawberry patch, producing cherry trees and young peach and apple trees. The mature landscaping around the property provides delightful rotating seasonal flowers including peonies, irises, tulips, daffodils, lilies, a saucer magnolia, roses, camellias, a flowering cherry tree, a butterfly garden, and hydrangeas galore!!! This charming country home is just off Rt 29, a couple of miles north of the town of Madison. The paved road into this small, upscale neighborhood is state-maintained, and there are no HOA fees or dues. Ready to move into and available for a quick closing, this home offers the perfect combination of luxury, comfort, and country living. Easy to travel to Culpeper, NOVA or Charlottesville depending on your need or vibe. Don’t miss out on this fantastic opportunity to own a piece of paradise in Madison, Virginia. Schedule your visit today and fall in love with your future home!

Last Agent to Sell the Property

Ryane Johnson

(866) 825-7169 va.broker@exprealty.net EXP Realty, LLC License #0225202994 Listed on: 06/28/2024

EXP Realty, LLC

Co-Listed By

Phillip Simon

(866) 825-7169 va.broker@exprealty.net EXP Realty, LLC License #0225203935

Last Buyer's Agent

Benjamin Reeves

(814) 272-3333 kellerwilliams778@gmail.com Keller Williams Advantage Realty License #RS366588

Keller Williams Advantage Realty
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,486

Year Built

  • Built in 2007

Lot Details

  • 4.6 Acre Lot
  • Landscaped
  • Wooded Lot
  • Property is zoned A-1

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Shingle Roof
  • Fiberglass Roof
  • Asphalt Roof
  • Metal Roof
  • Stone Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • Property has 2 Levels
  • Two Story Ceilings
  • Stone Fireplace
  • Gas Fireplace
  • Insulated Windows
  • Insulated Doors
  • Six Panel Doors
  • Great Room
  • Dining Room
  • Home Office
  • Breakfast Area or Nook
  • Laundry Room

Bedrooms and Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Basement Windows

Pool

  • Private Pool
  • Green energy used to heat the pool or spa

Outdoor Features

  • Deck
  • Patio

Schools

  • Madison High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Powered By Leased Propane
  • 60 Gallon+ Bottled Gas Water Heater
  • Well
  • Septic Tank

Community Details

  • No Home Owners Association
  • Built by GRAYSTONE HOMES INC.
  • Carpenter's Ridge Subdivision, Madison II Floorplan

Listing and Financial Details

  • Tax Lot 79I
  • Assessor Parcel Number 40-79I

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,486

Year Built

Built in 2007

Lot Details

4.6 Acres

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 6/29/2024 12:00:00 AM
  • Federal Flood Zone: No
  • Year Built: 2007
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Breakfast Area, Pantry, Entry Level Bedroom
  • Window Features: Insulated
  • Fireplace Features: Gas/Propane, Stone
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Insulated, Six Panel
  • Wall Ceiling Types: 2 Story Ceilings, 9'+ Ceilings, Dry Wall
  • Foundation Details: Concrete Perimeter
  • Levels Count: 2
  • Room List: Dining Room, Primary Bedroom, Kitchen, Great Room, Laundry, Office, Primary Bathroom, Full Bath, Half Bath, Additional Bedroom
  • Basement: Yes
  • Basement Type: Fully Finished, Full, Interior Access, Outside Entrance, Walkout Level, Windows
  • Total Sq Ft: 5013
  • Living Area Sq Ft: 5013
  • Price Per Sq Ft: 250.08
  • Above Grade Finished Sq Ft: 3199
  • Below Grade Finished Sq Ft: 1814
  • Total Below Grade Sq Ft: 1814
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 1
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stone, Vinyl Siding
  • Roof: Metal, Asphalt, Shingle, Fiberglass
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Personal
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric, Propane - Leased
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: 60+ Gallon Tank, Bottled Gas
  • Sewer/Septic System: Septic Exists
  • Water Source: Well

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • High School Source: Listing Agent
  • School District Source: Listing Agent
  • High School: MADISON (MADISON)

Green Features

  • Efficiency: Pool/Spa/Equipment
  • Green Sustainability: Conserving Materials/Methods

Lot Info

  • Lot Features: Landscaping, Trees/Wooded
  • Lot Size Acres: 4.60
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 200376.00
  • Outdoor Living Structures: Deck(s), Patio(s)
  • Zoning: A-1
  • In City Limits: No

Building Info

  • Builder Name: GRAYSTONE HOMES INC.

Rental Info

  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 3486.00
  • Assessor Parcel Number: 40-79I
  • Tax Lot: 79I
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023

MLS Schools

  • School District Name: MADISON COUNTY PUBLIC SCHOOLS

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2024
Closed on
Aug 2, 2024
Sold by
Bought by
Seller's Agent
Ryane Johnson
EXP Realty, LLC
Buyer's Agent
Benjamin Reeves
Keller Williams Advantage Realty
List Price
$800,000
Sold Price
$825,000
Premium/Discount to List
$25,000
3.12%
Views
32
Current Estimated Value
$776,193

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$48,807
Avg. Annual Appreciation
-2.95%
Original Mortgage
$660,000
Outstanding Balance
$646,372
Interest Rate
6.86%
Mortgage Type
VA
Estimated Equity
$129,821

Purchase Details

Listed on
Mar 5, 2021
Closed on
Apr 2, 2021
Sold by
Bought by
Seller's Agent
Patti Lillard
MONTAGUE, MILLER & CO.- MADISON
Buyer's Agent
NONMLSAGENT NONMLSAGENT
NONMLSOFFICE
List Price
$549,900
Sold Price
$585,000
Premium/Discount to List
$35,100
6.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.84%
Original Mortgage
$541,500
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 10, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$418,976
Interest Rate
4.43%

Purchase Details

Closed on
Oct 28, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$441,750
Interest Rate
5.83%
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$825,000 Fidelity National Title
$585,000 Terrys Title
$410,000 Attorney
$450,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $660,000
Previous Owner $541,500
Previous Owner $418,976
Previous Owner $441,750
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/07/2024 08/07/24 Sold $825,000 +3.1% $165 / Sq Ft
06/28/2024 06/28/24 For Sale $800,000 +36.8% $160 / Sq Ft
04/05/2021 04/05/21 Sold $585,000 +6.4% $117 / Sq Ft View Prior Sale
03/07/2021 03/07/21 Pending -- -- --
03/05/2021 03/05/21 For Sale $549,900 -- $110 / Sq Ft
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,389 $664,500 $108,000 $556,500
2024 $3,633 $491,000 $99,400 $391,600
2023 $3,633 $491,000 $99,400 $391,600
2022 $3,633 $491,000 $99,400 $391,600
2021 $3,633 $491,000 $99,400 $391,600
2020 $3,486 $491,000 $99,400 $391,600
2019 $3,302 $491,000 $99,400 $391,600
2018 $3,302 $485,600 $94,400 $391,200
2017 $3,302 $485,600 $94,400 $391,200
2016 -- $485,600 $94,400 $391,200
2015 -- $485,600 $94,400 $391,200
2014 -- $485,600 $94,400 $391,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: VAMA2001782

Bright MLS

APN: 40-79I

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